Upexi Doubles Down on Solana with Arthur Hayes Appointment and 2M SOL Treasury

In a bold move to strengthen its solana strategy, Nasdaq-listed Upexi has appointed Arthur Hayes, CIO of Maelstrom Fund, to its newly formed advisory committee. The company has also revealed it holds over 2 million SOL in its treasury, signaling a strong commitment to the Solana ecosystem. This development highlights Upexi's aggressive push into the crypto space, leveraging Hayes' deep expertise in digital assets and institutional finance. As of August 2025, this strategic positioning could significantly influence Solana's market trajectory and institutional adoption.

Nasdaq-Listed Upexi Appoints Arthur Hayes to Bolster Solana Strategy

Upexi, a Nasdaq-listed firm, has intensified its commitment to Solana by establishing a new advisory committee and naming Arthur Hayes, CIO of Maelstrom Fund, as its inaugural member. The move underscores the company's aggressive positioning in the crypto space, leveraging Hayes' expertise in digital assets and institutional finance.

The company's treasury now holds over 2 million SOL, acquired through strategic purchases and capital raises. At current valuations, the stash is worth hundreds of millions of dollars. Upexi is further maximizing returns by staking its SOL holdings to generate yield, creating a steady income stream while maintaining long-term exposure.

Hayes' appointment signals Upexi's ambition to refine its Solana strategy, enhance visibility, and attract capital for future acquisitions. The advisory committee will focus on partnerships and fundraising initiatives tied to the firm's growing crypto treasury.

KeepSolid Launches KS Coin: A Loyalty Crypto Reward with Real Utility Token Benefits

KeepSolid, a leading developer of privacy tools, has introduced KS Coin, a Solana-based utility token designed to power its new Web3-enabled loyalty program. Priced at $0.007 per token with a 30% discount available until August 21, KS Coin offers users real ownership—unlike traditional loyalty points confined to a single ecosystem.

The token enables rewards for interactions with KeepSolid’s security tools, including VPN Unlimited and Passwarden. Future applications, such as a Web3 browser with VPN support and an encrypted messenger, will also integrate KS Coin. Purchases are currently available on KeepSolid’s website, with plans for expansion to select crypto platforms.

"KS Coin reflects our belief that users should benefit from and participate in our growth," said KeepSolid’s Founder and CEO. The token serves as both a loyalty reward and a gateway to deeper engagement with the company’s ecosystem. Earning mechanics include regular app usage and multi-platform installations.

Solana Reclaims $200 as New Buyers Fuel Rally

Solana surged past $200 with a 21% gain, buoyed by strong technical indicators and fresh capital inflows. The token's daily Relative Strength Index (RSI) sits at 67.97—well below overbought territory—suggesting sustained bullish momentum.

New demand is accelerating. Glassnode data shows a 51% spike in first-time SOL transaction addresses since August 3, signaling growing retail participation. Market structure mirrors early phases of previous altcoin rallies, where expanding user bases preceded extended upside.

Solana Whale Takes $2.93M Profit Amid Market Rally, Deposits $8.19M in SOL to Bybit

A significant Solana whale has moved 39,875 SOL ($8.19M) to Bybit, capitalizing on a $2.93M profit after holding the tokens for five months. The whale originally acquired the SOL for $5.26M on the same exchange, benefiting from Solana's recent 30% price surge.

Market activity among large holders has intensified as Solana's rally—driven by DeFi adoption and cross-chain integration—creates liquidity opportunities. The daily Relative Strength Index (RSI) at 67 indicates strong bullish momentum without extreme overbought conditions, while an On-Balance Volume (OBV) of $607M reflects sustained demand.

Profit-taking by whales underscores confidence in Solana's fundamentals, even as technical metrics suggest room for further upside. The asset's resilience mirrors broader institutional interest in layer-1 blockchains with robust ecosystem growth.